New data from Eurostat reveals a troubling trend among Europe’s youth, with almost 15% of those aged 16 to 29 facing difficulties paying their rent over the past year. This figure highlights the growing financial pressure on young people across the European Union, exacerbated by rising living costs, particularly in countries like France, the Netherlands, and Greece.
Across the EU, an average of 6.3% of citizens have been unable to meet their rent payments in the past 12 months. However, when focusing on the 16-29 age group, this percentage jumps to nearly 15%, underscoring the vulnerability of young adults in today’s housing market. Greece has the highest proportion of citizens struggling with rent (17.7%), followed by France (16.7%), Slovenia (10.5%), and the Netherlands (10.4%). For young people not at risk of poverty, the numbers remain high: 23.8% in France, 23.4% in Greece, and 16.1% in the Netherlands have been unable to cover their rent costs in the last year. These figures do not account for those at risk of poverty or social exclusion, suggesting the actual situation may be even more severe.
Moreover, the Eurostat report reveals that 4.9% of EU citizens have experienced housing difficulties at some point in their lives, meaning they were forced to live in temporary accommodation due to a lack of stable housing. These findings emphasize the urgent need for policy interventions to address housing affordability and support for young people across Europe. Rising rent costs continue to put pressure on a generation already facing economic challenges, and without action, the situation could worsen.
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